Tag Archives: AA News

U.S. authorities, including the Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ), have charged Gotbit and four other crypto firms with widespread market manipulation. The charges also roped in several individuals who worked for the offending organizations. Market Makers Accused of Running Wash Trading Scheme According to a statement the SEC issued on October 9, Gotbit, ZM Quant, CLS Global, and MyTrade MM...

Bitcoin’s price exploded above $63,000 today, reaching a local high at around $63,400. Even though it has since retraced to where it currently trades at $62,700, this is still a considerable increase of 4% for the past 24 hours. Source: TradingViewIt’s also important to note that Bitcoin has managed to outperform the rest of the leading cryptocurrencies, which are charting marginal gains. So, what are the reasons for this recovery? What could be driving the BTC price up in...

Donald Trump’s crypto project, World Liberty Financial (WLF), has submitted a proposal to the Aave governance forum. The former president and his business partners plan to use the platform for their cryptocurrency offering. The submission aims to establish WLF’s services as an instance on Aave, with the protocol providing the necessary underlying infrastructure. In return, AaveDAO will receive 20% of all protocol fees generated by WLF and 7% of the supply of WLFI, the...

The cryptocurrency market has seen better days. Bitcoin’s price hovered at the $62,000 range for a few days, but it appears that the bears were finally able to take full control. Just a few moments ago, BTC dropped below $59,000, reaching a local low of $58,867. Source: TradingViewThe move has resulted in the liquidation of more than $250 million in leveraged positions, the majority of which, of course, is long. As CryptoPotato reported earlier today, Bitcoin’s price reacted...

The firm behind XRP has announced the launch of several new features and functionalities for Ripple Custody. With this, the company aims to improve its custody technology for fintech and crypto users. Crypto custody is a relatively new area for the entity, which has streamlined its efforts under the recently launched Ripple Custody division. Expansion of Ripple Custody According to its official press release, the latest update includes the integration of a transaction...

The market intelligence platform Santiment has outlined a few crypto assets currently trending due to multiple mentions on social media. According to analysts at the firm, these include bitcoin (BTC), Chiliz (CHZ), and Nubcat (NUB). Topics causing BTC, CHZ, and NUB to trend across social media revolve around trading activities, price fluctuations, upcoming airdrops, and controversies. Notably, market participants express both bullish and bearish sentiments toward them....

Renowned economist and outspoken Bitcoin skeptic Peter Schiff took to X on October 9 to weigh in on the U.S. government’s impending sale of 69,370 Bitcoin, worth roughly $4.3 billion. His post sparked lively responses from Bitcoin supporters and critics alike, reigniting debates over the virtual asset’s value. Silk Road Bitcoin Up For Grabs Schiff’s tweet follows a Supreme Court decision that cleared the way for the U.S. government to sell Bitcoin it seized from the defunct...

South Korea’s Ministry of Strategy and Finance announced on October 8 that it is reviewing measures to regulate stablecoins more strictly. This decision comes amidst increasing criticism that stablecoins are emerging as a hidden threat in the foreign exchange landscape due to inadequate government oversight. Rising Cross-Border Use and Industry Criticism According to local media reports, the Ministry highlighted that stablecoins are primarily used for transactions and...

Taiwan’s Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating. The latest move signifies efforts to promote institutional adoption of crypto in the region. Institutional Crypto Custody in Taiwan According to a report by local media, institutions participating in the pilot must...

Cardi B, took to her X account to promote a new meme coin named after her iconic track. However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised. Cardi B Shares $WAP Video The rapper, who has been in the news lately after claims emerged that she had undergone surgery, set off events with an October 7 post on X with a picture of her holding a cat. In the post, Cardi B, whose real name is Belcalis...